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The following graph plots the demand curve (blue line) for several consumers in the market for VR headsets in Meadville, a small town located in
The following graph plots the demand curve (blue line) for several consumers in the market for VR headsets in Meadville, a small town located in Pennsylvania. The Meadville market price of a VR headset is given by the horizontal black line at $135. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Kenji, green (triangle symbols) for Lucia, purple (diamond symbols) for Paolo, tan (dash symbols) for Sharon, and blue (circle symbols) for Van. Use the rectangles to shade the areas representing consumer surplus for each person who is willing and able to purchase a VR headset at a market price of $135. (Note: If a person will not purchase a VR headset at the market price, indicate this by leaving his or her rectangle in its original position on the palette.) 240 Kenji 210 Kenji Lucia 180 Paolo 150 Market Price Lucia 120 PRICE (Dollars per VR headset) Sharon Paolo 60 Van O O Sharon 30 O O Van QUANTITY (VR headsets) Based on the information on the previous graph, you can tell that will buy VR headsets at the given market price, and total consumer surplus in this market will be| $ Suppose the market price of a VR headset decreases to $75.On the following graph, use the rectangles once again to shade the areas representing consumer surplus for each person who is willing and able to purchase a VR headset at the new market price: orange (square symbols) for Kenji, green (triangle symbols) for Lucia, purple (diamond symbols) for Paolo, tan (dash symbols) for Sharon, and blue (circle symbols) for Van. (Note: If a person will not purchase a VR headset at the new market price, indicate this by leaving his or her rectangle in its original position on the palette.) 240 Kenji 210 Kenji Lucia 180 Paolo 150 Lucia 120 PRICE (Dollars per VR headset) Sharon Paolo 20 Market Price Van Sharon one consumer 0 two consumers 2 7 8 Van QUA three consumers four consumers five consumers Based on the information in hen the market price of a VR headset decreases to $75, the number of consumers willing to buy a VR headset to , and total consumer surplus to $
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